BUSINESS leaders in Coventry and Warwickshire have welcomed the Government’s latest measures to support the banking system.

But Alan Durham, membership director of the Coventry and Warwickshire Chamber of Commerce, said the stakes were getting even higher in the bid to bring the United Kingdom’s economy out of recession.

He said: “We welcome the Government initiative and believe this is the right course of action.

“Rather than trying to prevent a run on the banks, this time, I believe, it is a case of trying to actually get the economy kick-started by getting more money out of the banking system and into the real economy.

“Whether that’s through loans to businesses or increasing the availability of mortgages to homebuyers and homeowners to get the housing market moving, these factors are all linked.

“But the stakes are getting higher and higher and it is absolutely crucial that we get as much liquidity as possible back into the real economy to help businesses.”